David Bailey: Miners likely to flip the bit as activation becomes mathematically impossible

David Bailey: Miners likely to flip the bit as activation becomes mathematically impossible
Miners likely to flip bit soon

David Bailey highlights that it is now mathematically impossible for activation to occur, suggesting that miners are likely to flip the bit at any moment.

This observation points to a significant shift in miner behavior in response to recent developments in network activation dynamics.

Bailey has previously noted that bitcoin protocol changes such as BIP110 require broad consensus among network participants, or the protocol remains unchanged, according to a recent report. Earlier, he detailed a failed attempt at a BIP-110 takeover by a prominent developer, describing the prolonged campaign as ultimately unsuccessful in shifting network consensus in another update. The latest miner activity comes in the wake of these stalled protocol efforts.

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